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Redundancy demo

All-World + World (overlap demo): how much does it overlap?

The All-World + World (overlap demo) portfolio has a 40.51% holdings redundancy — the share of its weight that is duplicated across its 2 funds. Its single largest underlying holding is NVIDIA Corp at 5% of the whole portfolio. Computed from the funds' published holdings.

Portfolio redundancy 40.51% duplicated across 2 funds
Largest underlying holding

NVIDIA Corp

5% of the whole portfolio, across 2 funds

The funds

Holding an All-World fund alongside a Developed-World fund — a vivid example of how two “diversified” funds can be almost the same portfolio.

Top holdings, looked through

Each security aggregated across every fund

HoldingIn fundsPortfolio weight
NVIDIA Corp 2 5.00%
Apple Inc 2 4.72%
Microsoft Corp 2 3.11%
Amazon.com Inc 2 2.56%
Alphabet Inc 2 2.24%
Broadcom Inc 2 1.96%
Alphabet Inc 2 1.78%
Meta Platforms Inc 2 1.40%
Tesla Inc 2 1.21%
Micron Technology Inc 2 1.12%

Pairwise overlap

How much each pair of funds shares

Fund pairOverlap
VWCE × SWDA 79.4%

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Redundancy = the sum, across every underlying security, of its total portfolio weight minus the largest single fund's contribution — the weight duplicated across funds. Figures derive from each issuer's published holdings. Methodology.